Originally Posted by sandman! (Post 18567852)

some days you win some days you loose.

Originally Posted by DaddyHalbucks (Post 18568086)

Seriously, precious metals should be used as a hedge, not an investment.

Originally Posted by biskoppen (Post 18567051)

I completly withdrew from all sorts of investments a few months ago after taking a $50k+ loss on some stupid ass stocks I bought..

I'm going to buy $100k worth when I THINK this crisis hits rock bottom and then keep'em like forever or something..

But when the fuck this rock bottom is I do not know ;)

Originally Posted by Kenny B! (Post 18567110)

It's impossible to time the market, I can admit that the market plays me, not the other way around.

I now put my money in real estate, at least I get a physical asset for my cash. I'm done buying shares in some company that can go any which way, or have an accounting issue and there goes my investment yet again.

As for silver and gold, I know they say it's safe but is it really? You're buying a chunk of metal that there's no shortage of and the price fluctuates with the stock market. At least with precious metals you get something for your money that you can touch. So I guess it's better than a statement saying you own some shares in a company trading at 20x earnings.

I've lost enough on the markets to know it's not for me, if other can make huge money with it they are smarter than I am.

Originally Posted by JFK (Post 18567138)

Bid on 1k ounces at the auction the other day, went for 32500cdn + 20% buyers premimum, at that price I said fuck it and dropped out earlier. The people who ended up with it were hoping for an increase :1orglaugh Sold apx 7 oz of gold yesterday, today it dropped almost $34.52 cdn or 40.40us :winkwink:

Originally Posted by Choker (Post 18570000)

Is there a big EASY TO ACCESS market for it though? I see idiots on ebay buying 1 ounce copper bars like crazy. They pay $2 or more per ounce.

On the other hand I see people paying $200 premium above gold spot for gold coins with no numismatic value. Try finding gold to buy at coin shops. As fast as they buy them they are sold to someone for way above spot. It's crazy

Originally Posted by Choker (Post 18570000)

Is there a big EASY TO ACCESS market for it though? I see idiots on ebay buying 1 ounce copper bars like crazy. They pay $2 or more per ounce.

On the other hand I see people paying $200 premium above gold spot for gold coins with no numismatic value. Try finding gold to buy at coin shops. As fast as they buy them they are sold to someone for way above spot. It's crazy

Originally Posted by stocktrader23 (Post 18570910)

Kind of like the housing market a few years ago?

(hint hint)